December 26, 2023 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
12/26/2023
The percentage of Americans owning stocks has reached a record high of 58%, up from 53% in 2019. This marks the highest household stock ownership rate recorded. 1
Houthi rebels are disrupting Red Sea shipping, leading four of the world's five largest container shipping companies to halt transit through the Red Sea. Over 10% of oil and 20% of container traffic was shipped through the Red Sea prior to the conflict. 2
Apple's value is approaching that of France's entire stock market, concentrating investor reliance on a smaller number of companies. The top 10 companies in the S&P 500 now equal the combined value of the bottom 415. *3
Americans over 70 control over 30% of the country's wealth, with a net worth increase of $14 trillion since 2019. This growth is attributed to the aging population and rising home values, particularly among older baby boomers. 4
WSJ- "More Americans Than Ever Own Stocks"
Advisorpedia - "Will The Red Sea Blockade Reignite Inflation Fears?"
Advisor Hub- "Forget the top 5, these stocks were the biggest movers in the S&P 500 in 2023"
Bloomberg- "Americans Over 70 Hold More Than 30% of the Country's Wealth"
*Past performance is not indicative of future performance
Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.
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This desk commentary is for informational purposes only
Carol Ann Fernandez, Rob Michel, Grier Vacek
(609) 631-8231
Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399
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